NEOS Investment Management LLC Boosts Holdings in Entergy Corporation $ETR

NEOS Investment Management LLC raised its position in Entergy Corporation (NYSE:ETR) by 15.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 73,463 shares of the utilities provider’s stock after buying an additional 10,036 shares during the quarter. NEOS Investment Management LLC’s holdings in Entergy were worth $8,438,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ETR. Washington Trust Advisors Inc. boosted its holdings in shares of Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 154 shares in the last quarter. Union Savings Bank purchased a new position in Entergy during the fourth quarter worth about $28,000. Bell Investment Advisors Inc purchased a new position in Entergy during the second quarter worth about $28,000. Fairway Wealth LLC acquired a new stake in Entergy in the first quarter valued at about $30,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in Entergy in the first quarter valued at about $30,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

ETR stock opened at $107.16 on Friday. The firm has a 50 day moving average of $110.32 and a 200-day moving average of $110.10. The company has a market cap of $50.00 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.40 and a beta of 0.49. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12-month low of $86.40 and a 12-month high of $118.44.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter in the prior year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were given a $0.64 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is currently 65.64%.

Analyst Upgrades and Downgrades

ETR has been the topic of several recent analyst reports. Mizuho set a $122.00 target price on Entergy and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their price target on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. BTIG Research reaffirmed a “buy” rating and set a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, Truist Financial set a $122.00 target price on Entergy and gave the company a “buy” rating in a report on Thursday, August 13th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus target price of $120.84.

Insider Buying and Selling at Entergy

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was acquired at an average price of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.